Do I Need a Bookkeeper?
All businesses rely on some form of bookkeeping to assist in meeting their ATO obligations. Bookkeeping involves record-keeping, handling all business transactions and maintaining the general ledger. Bookkeepers and Accountants are different; your bookkeeper is responsible for the accurate handling of individual transactions, whilst your Accountant is liable for preparing and reporting end of year results and tax obligations. It is your bookkeeper that prepares the information the Accountant uses, so it goes without saying that you should have a reliable, honest and professional bookkeeper!
All businesses rely on the information within their books to give them an idea of how the business is going. As a business owner, you have questions that need reliable and truthful answers; what is my gross profit percentage? How does my business compare with my competitors? Which of my products or services is making me the most profit? Is my business in a good position financially? And that’s where an expert bookkeeper is vital to your business, and it’s success.
Our bookkeepers don’t just enter invoices and pay bills; we ensure correct handling of every transaction. We actively ensure correct general ledger account allocation and accurate GST coding. We work with you and your accountant to ensure every detail of your bookwork is accurate, right through to pre-tax lodgement. Using our bookkeeping services will save you the headache of trying to recall transactions months later, or paying additional fees to accountant who have to re-do careless work completed in earlier months. It makes good common sense to engage a professional bookkeeper and have comfort knowing your accounts are up-to-date, accurate and the information is reliable.